Credit Cards: How to manage multiple cards without hurting your credit score? Here are 11 key strategies
4 months, 2 weeks ago

Credit Cards: How to manage multiple cards without hurting your credit score? Here are 11 key strategies

Live Mint  

Many people buy credit cards to earn rewards and cash back and benefit from the same. And no, multiple credit cards won't affect your credit score if managed responsibly. Today, let's explore some strategies to manage multiple credit cards without affecting your credit score. Set notification or account alerts Most credit cards give you the option to set alerts for various card activities, such as alerts for due dates, automatic payments, spending thresholds, and account balances. Reassess your card portfolio Every six months or so, you must carefully review your entire card portfolio and check whether you actually benefit from using multiple credit cards or not.

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History of this topic

Is your credit score at risk? The effects of using multiple credit cards
1 week, 6 days ago

Is your credit score at risk? The effects of using multiple credit cards

Live Mint  

The trend of individuals holding multiple credit cards has seen growth in the recent past. While holding multiple credit cards can help you enjoy more benefits, you must be mindful of how they can impact your credit score. Impact of multiple credit cards on credit score Some factors you must consider while using multiple credit cards include the following. Use …

How to consolidate credit card debt? 4 proven strategies for success
2 weeks ago

How to consolidate credit card debt? 4 proven strategies for success

Live Mint  

Your financial stability returns when you use appropriate methods to eliminate credit card debt that creates problems. Keep debt repayment priority When dealing with multiple credit card debts you must first focus on eliminating one debt starting with the highest one. Effective strategies: APR: Payment focus must first go toward the credit card holding the highest annual percentage rate because …

Stay debt-free: Top 5 ways to control credit card expenses
2 weeks, 6 days ago

Stay debt-free: Top 5 ways to control credit card expenses

Live Mint  

Credit card distribution growth and spending in India continues to rise, reaching ₹1.84 lakh crore in January 2025, according to data provided by Asit C. Mehta Investment Intermediates. Hence, in this kind of an environment managing credit card expenses effectively is crucial to avoid financial strain later on. Here are five key ways to help Indian users control their credit …

5 tips for mastering your credit card and avoiding debt traps
1 month, 1 week ago

5 tips for mastering your credit card and avoiding debt traps

Live Mint  

Credit cards can be a convenient way of acquiring money, with the possibility of paying for things in a while. Here are five ways to use your credit card wisely and not fall into debt traps: Monitor your spending Keeping an eye on your spending on the credit card is important to prevent you from spending more than you can. …

Multiple Credit Cards: Should you own them and how to manage effectively
Trending News
1 month, 3 weeks ago

Multiple Credit Cards: Should you own them and how to manage effectively

Live Mint  

In India, all banks together offer 100s of different credit cards. The frequent flyer program transfer partners include: Air Canada Ethiopian Airlines Etihad Japan Airlines Qatar Airways Singapore Airlines Turkish Airlines Thai Airways United Airlines Air France – KLM Maharaja Club Air Asia Qantas Airways and SpiceJet The hotel loyalty transfer partners include: Accor Hotels Marriott International Wyndham Hotels IHG …

Multiple Credit Cards: Should you own them and how to manage effectively
Trending News
1 month, 3 weeks ago

Multiple Credit Cards: Should you own them and how to manage effectively

Live Mint  

In India, all banks together offer 100s of different credit cards. The frequent flyer program transfer partners include: Air Canada Ethiopian Airlines Etihad Japan Airlines Qatar Airways Singapore Airlines Turkish Airlines Thai Airways United Airlines Air France – KLM Maharaja Club Air Asia Qantas Airways and SpiceJet The hotel loyalty transfer partners include: Accor Hotels Marriott International Wyndham Hotels IHG …

Credit Score Risks: What happens when you apply for several credit cards?
2 months ago

Credit Score Risks: What happens when you apply for several credit cards?

Live Mint  

The credit card landscape is evolving every day. However, applying for multiple credit cards would adversely impact your credit score. Impact of multiple credit card applications on credit score Credit history Applying for multiple credit cards would mean multiple hard enquiries on your credit report. Financial stress Credit card issuers also perceive that having multiple hard enquiries would mean you …

Is it smart to have more than one credit card? Weighing the pros and cons
2 months ago

Is it smart to have more than one credit card? Weighing the pros and cons

Live Mint  

Keeping a credit card in contemporary times is more of a norm than an exception. Nevertheless, it is not uncommon any more for the card users to keep more than one credit card as well. This means one credit card’s bill can be paid by the other, thereby pushing the credit cycle by another 45 days. There are some disadvantages …

Want to improve your credit score? Holding more than one credit card may help
2 months, 3 weeks ago

Want to improve your credit score? Holding more than one credit card may help

Live Mint  

Do you hold a credit card and plan to procure one more amid some confusion and doubts? One of the key advantages of having two or more credit cards is to improve your credit utilisation ratio, which refers to the percentage of available credit you currently use. For instance, if your total credit limit is ₹5 lakh and you have …

Managing multiple credit cards? Here are 10 essential tips you need
3 months, 3 weeks ago

Managing multiple credit cards? Here are 10 essential tips you need

Live Mint  

A credit card is considered one of the most convenient financial tools for making emergency payments. It is important to strategise expenses in line with your credit limit and make bill payments on time, especially when you have multiple credit cards. Make a budget Before using multiple credit cards or planning to get many cards, it is important to make …

What is credit card churning? Should you do it? Benefits, risks and how it works
4 months, 1 week ago

What is credit card churning? Should you do it? Benefits, risks and how it works

Live Mint  

Most credit card users are lured to them because of the rewards and benefits they offer. Credit card churning is a method of strategically opening and closing accounts to fully utilise rewards, bonuses, and other offers provided by credit cards. Advantages of credit card churning Higher savings: Various offers provided by multiple credit cards can help to save a lot …

How to manage multiple personal loans? Here are 6 effective ways
1 year ago

How to manage multiple personal loans? Here are 6 effective ways

Live Mint  

Managing multiple personal loans may seem daunting, but implementing effective strategies can streamline the process and potentially lead to savings. Simplify and optimise : Explore a debt consolidation loan, which merges multiple debts into one, ideally at a reduced interest rate. Establish automatic payments to sidestep late fees and guarantee timely payments, preventing any negative impact on your credit score. …

Credit Score: 7 effective steps to follow to maintain good credit history
1 year ago

Credit Score: 7 effective steps to follow to maintain good credit history

Live Mint  

By following responsible financial habits, you can build and maintain a strong credit history, which will open doors to better loan terms, lower interest rates, and greater financial opportunities in the future. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit …

Here's how you can increase your credit card limit for greater financial flexibility
1 year, 1 month ago

Here's how you can increase your credit card limit for greater financial flexibility

India TV News  

Here's how you can increase your credit card limit for greater financial flexibility Using your card frequently and making full payments on time can result in automatic increases in your credit limit by your bank. If you're considering this option, using your card frequently and making full payments on time can often lead to automatic increases in your credit limit …

Know about Pros and Cons of Owning Multiple Credit Cards
4 years, 3 months ago

Know about Pros and Cons of Owning Multiple Credit Cards

News 18  

Credit cards have become a primary way for consumers to pay for their purchases. The convenience, offers and rewards attached to the credit cards makes it easy for people even to drift away from their budget. Consumers holding multiple cards can spread their spending according to the reward points structure of the cards. Having multiple cards also helps in reducing …

Holding Multiple Credit Cards? Then this is what you need to know!
5 years, 4 months ago

Holding Multiple Credit Cards? Then this is what you need to know!

India TV News  

Credit Card Holders Attention: Do you have multiple credit cards? Here are some surprising benefits of having multiple credit cards: Image Source : PTIHolding multiple credit cards? Beneficial for credit score: Holding multiple credit cards can help reduce your credit utilisation ratio which is a proportion of the total credit limit used by you. Thus, having multiple credit cards may …

Essential tips to avoid default on credit card payments
5 years, 6 months ago

Essential tips to avoid default on credit card payments

India TV News  

Having too many credit cards is not bad, but to control the debt and balance credit score is what one must be familiar to deal with. PAY ON TIME • Pay all your outstanding bills on time • Avoid paying the late fee along with high interest rate amount • If you need second credit card only then apply, else …

Pros and cons of owning multiple credit cards
7 years, 1 month ago

Pros and cons of owning multiple credit cards

India TV News  

Credit cards have become an essential part of the millennial lifestyle. 6) Balance Transfer- When you have multiple credit cards, you can transfer the balance of one credit card to anther that offers the facility of balance transfer at lower interest rate. As we have already mentioned before, the benefits and drawbacks of owning multiple credit cards will differ from …

What is better: single or multiple credit cards
8 years, 4 months ago

What is better: single or multiple credit cards

Live Mint  

Banks often call potential customers and offer them more new credit cards with different features and offers. Multiple cards: good Single card: bad COST With multiple credit cards, costs associated with them, such as joining fees, may also rise. Multiple cards: bad Single card: good OFFERS Different cards offer different kinds of incentives. Multiple cards: good Single card: bad MAINTENANCE …

What to consider when deciding how to bequeath your home
8 years, 4 months ago

What to consider when deciding how to bequeath your home

LA Times  

Dear Liz: I’m at 74-year-old retired woman living in a completely paid-off condo in California. Another way to avoid probate would be to create a revocable living trust that allows your partner to live in the home until her death, said Los Angeles real estate attorney Burton Mitchell. Credit cards just keep coming Dear Liz: I use only two credit …

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